As a seasoned developer with decades of experience under my belt, I can’t help but feel a sense of déjà vu when I look at this code. It’s like I’ve seen it a thousand times before, in a hundred different projects. The rhythm, the structure, the empty divs – it’s all too familiar.
In a recent conversation with Michelle Makori from Kitco News, I, as Lynette Zang, Founder & CEO of Zang Enterprises, delivered a sobering prediction about the global economy. My emphasis was on the U.S. dollar and the banking sector. I underlined that the shift towards hyperinflation is currently underway. I believe the United States is steering towards an inflationary era, with 2025 forecasted to bring significant market turbulence and a decline in public trust in the U.S. dollar.
Zang pointed out that the Federal Reserve’s graphs clearly show a decrease in the dollar’s buying power over time, suggesting a trend heading towards no value at all. In her opinion, this means increased borrowing, money printing, and higher inflation rates, as the U.S. government has yet to tackle the fundamental problems within the economic system. She predicts that political figures will delay any major crisis until after the 2024 elections, but by 2025, the financial system could experience even more turmoil due to its instability.
As a concerned crypto investor, I can’t help but express my views on the current state of the U.S. banking sector. It seems to me that it’s not just ailing; it’s extraordinarily sick. Every bank, big or small, appears to be “underwater,” struggling to stay afloat. Even minor increases in interest rates might not be sufficient to address the profound issues they are facing, as I’ve warned.
As an analyst, I’ve noticed a significant trend in the U.S. banking sector – a wave of consolidation that shows no signs of slowing down. This is evident through the high number of mergers and acquisitions (M&A) that have taken place. In fact, during the first half of 2024 alone, 54 bank M&A deals were announced, with this pace set to outstrip the 99 deals we saw in 2023.
Regarding the subject of currency phases, Zang outlined that just as many aspects in life have recurring patterns, currencies also follow predictable cycles. Since 1987, she has been observing these cycles and pointed out that the current US dollar is nearing its cycle’s end. One of the various signs she watches for is the inversion of the U.S. Treasury yield curve, which suggests an approaching economic downturn or recession. However, Zang cautioned that this upcoming recession may be significantly more intense than past ones and will likely be accompanied by hyperinflation and a complete loss of trust in the US dollar.
Ultimately, Zang reinforced her persistent conviction that gold serves as a crucial safeguard against economic instability. As the possibility of the dollar’s downfall grows closer, she recommended that individuals be ready by investing in gold, which has consistently retained its worth during crises in the past. Additionally, she delved into the role of gold in preserving financial balance amidst significant changes occurring within the worldwide monetary system.
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2024-09-15 23:31